Raizen Energia set to enter local Philippines bioethanol market?

Local news reports in the Philippines state Brazilian joint venture business Raizen Energia (RE) is set to build a new bioethanol facility with local developers.

RE, owned by Royal Dutch Shell and Cosan SA Industria and Commercio, currently produces over 2 billion litres of ethanol from sugarcane in its native country.

A source revealed that RE ‘are still at then exploratory stage, looking at local partners and feedstock suppliers.

The Philippines has four bioethanol plants already but local energy officials claim only up to 25% of demand is being fulfilled by them. A plan is allegedly in place to increase the number of production plants to nine via P15 billion (€267.6 million) worth of potential investment.